ITT Tech’s more than 130 campuses, including one in West Palm Beach, closed this week, following a cutoff of federal student aid. It’s buyer beware when it comes to for-profit colleges.
The Better Business Bureau serving Southeast Florida and the Caribbean offers the following tips for students considering a for-profit college:
Do some research. First Google the for-profit institution and search for complaints, lawsuits, or questionable practices. Check BBB.org to see what the BBB’s rating is on the institution and to read complaints and student reviews. Talk to current and past students about their experience with the institution.
Side by side comparison. Compare non-profit, private non-profit and for- profit colleges; consider factors such as average tuition cost, retention rates and graduation rates. These factors will give provide a snapshot of how for-profit colleges fair against other institutions. According to The National Center for Education Statistics, in 2015 the 6-year graduation rate for full-time undergraduate students seeking a bachelor’s degree at a 4-year degree-granting institution was 58 percent at public institutions, and 27 percent at private for-profit institution.
Audit classes. Most institutions allow prospective students to audit their classes for different programs to allow students to gauge whether or not their institution is a right fit. Pay attention to class size,
It is important for students to take into account that college is an investment and like all investments, due diligence must be exercised prior to making any decisions.